If Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) shut down, interest rates would rise for most...

|About: Freddie Mac (FMCC)|By:, SA News Editor

If Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) shut down, interest rates would rise for most borrowers, but urban and rural residents could see sharper increases than customers in the suburbs. And the 30-year fixed-rate mortgage loan could become a luxury product, housing experts say.